Coinbase Could Bring in Close to $1.3 Billion Revenue in 2018
Coinbase Inc., one of the biggest cryptocurrency exchange platform in the U.S., is reportedly projecting revenue for the year of nearly $1.3 billion, according to a Bloomberg report from October 30, 2018.
Billion Dollar Revenue Despite Crypto’s Massive Slump
Although the cumulative value of all major cryptocurrencies has tumbled by more than 70 percent during 2018, the most significant digital asset exchange in the U.S. is having its best year yet.
In October 2018, Coinbase raised money at a valuation of $8 billion, a number that places it among the ranks of the world’s most valuable startups, which is more than five times higher than it was at the beginning of 2017.
